Silver: White metal reverses its losses this morning

Silver

Silver Movement

Silver prices declined 0.36% to USD 19.34 per ounce during the 24 hours ending 23:00GMT, tracking losses in gold prices.

In the Asian session, at GMT0300, Silver is trading at 19.38, 0.18% higher from yesterday’s close.

Silver is expected to find support at 19.29, and a fall through could take it to the next support level of 19.21. Silver is expected to find its first resistance at 19.47, and a rise through could take it to the next resistance level of 19.56.

The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.

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